Posted on June - 27 - 2010
Small Business Advocate: A classic story of freedom, businessmen
The first Plantagenet king of England, Henry II, is important to contemporary small business owners because he founded the legal system that paved the way for modern entrepreneurship.
Ambitious and intelligent, Henry’s consolidation of the 12th century British Isles under his rule created the need for order. And while his reforms were more for political expediency than to empower the people, they actually gave birth to the English Common Law, which replaced feudal practices such as trial by ordeal.
Six centuries after Henry’s death, the tide of freedoms and property rights that evolved from his reforms washed up on the other side of the Atlantic. In the colonies, a group of malcontents — America’s Founders — created and fought for a new interpretation of Henry’s legacy, which is to say, sans kings.
In “The Fortune of the Republic,” Ralph Waldo Emerson wrote, “We began with freedom. America was opened after the feudal mischief was spent. No inquisitions here, no kings …”
In “Origins Of The Bill Of Rights,” Leonard W. Levy wrote, “Freedom was a product of New World conditions.” Those conditions, as Thomas Jefferson so artfully wrote in the Declaration of Independence, were, “life, liberty, and the pursuit of happiness.”
These were 18th century words for freedom and embryonic conditions for which the 56 signers of Jefferson’s document put their lives and liberties at risk on July 4, 1776. But America’s founding documents weren’t perfected until they perpetuated rights that were, as John Dickinson declared a decade earlier in 1766, “born with us, exists with us and cannot be taken from us by any human without taking our lives.”
By definition entrepreneurs take risks. But only freedom to enjoy success makes risks acceptable. Thank you, Henry II.
Research shows there is a direct connection between entrepreneurship and economic growth. The American experiment has demonstrated that a healthy entrepreneurial environment fosters national economic well-being. Thank you, Founders.
Without their vision, courage, passion and sacrifice entrepreneurship as we know it would not exist today. And if capitalism is the economic lever of democracy, entrepreneurship renews the strength and reliability of that lever for each generation.
Contact Jim Blasingame, host of The Small Business Advocate Show, at jimb@jbsba.com.
© 2010 Memphis Commercial Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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